Exam 10: Extending the Organizationsupply Chain Management

What includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain?

The bullwhip effect occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain.

Robotics supports materials management.

Inventory turnover is the frequency of inventory replacement.

What is the maker movement?

Logistics includes activities that govern the flow of tangible, physical materials through the supply chain such as shipping, transport, distribution, and warehousing.

What is collaborative demand planning?

RFID's Electronic Product Code (RFID EPC) promotes serialization, or the ability to track individual items by using the unique serial number associated with each RFID tag.

Define the relationship between supply chain management and decision making.

Products are distributed to customers and their downstream customers at all levels.

Today, SCM systems focus on extending beyond an organization's four walls to influence:

Supply chain event management (SCEM) enables an organization to react more quickly to resolve supply chain issues.

Robotics supports procurement.

The bullwhip effect is a standard format for the electronic exchange of information between supply chain participants.

Materials management includes activities that govern the flow of tangible, physical materials through the supply chain such as shipping, transport, distribution, and warehousing.

Customer order cycle time is the time it takes to manufacture a product and deliver it to the retailer.

What are unmanned aircraft that can fly autonomously, or without a human?

Computer-aided design/computer-aided manufacturing (CAD/CAM) systems are used to create the digital designs and then manufacture the products.

Outbound logistics distributes goods and services to customers.

Plan, source, give, get, and return are the five basic supply chain management components.